Turkey unveils EU accession roadmap
Turkey has announced the publication of a new roadmap designed to plan the country's gradual integration into the European Union, according to new reports.
Included in the plan are a number of laws designed to bring the legal system into line with European requirements, as well as alterations to the regulation of investment in the country.
For example, government stakes in national companies are to be reduced, while rules making foreign investment in some industries are likely to be relaxed, the Turkish Daily News reports.
Foreign ownership laws and rules that favour local companies when competing for government tenders will also be loosened, while the country's central bank will also become more independent to match EU guidelines.
The newspaper also claims that the government will first send the roadmap to non-governmental organisations before preparing a final draft of the document.
Although overseas investment in Turkey is continually increasing, the country's accession to the EU has taken longer because of major structural differences between the two entities.
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